| BUSINESS | MARKETSCopyright Toronto Star 1996-2013 , http://www.thestar.com/termshttps://www.thestar.com60Fri, 22 Feb 2019 09:44:22 ESTToronto Star | BUSINESS | MARKETShttps://www.thestar.com/etc/designs/thestar/images/general/thestar_250x40.pnghttps://www.thestar.com/content/thestar/feed.RSSManagerServlet.articles.business.markets.rss
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en-caFri, 22 Feb 2019 09:44:22 ESTBarrick’s cost of doing business could shoot up with Acacia dealhttps://www.thestar.com/business/markets/2019/02/20/barricks-cost-of-doing-business-could-shoot-up-with-acacia-deal.html
60c99e15-97ff-4aad-a6ea-9b10380571f5Danielle Bochove - BloombergWed, 20 Feb 2019 14:46:06 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/20/barricks-cost-of-doing-business-could-shoot-up-with-acacia-deal/barrick.jpg"/><br/>A deal that would see Barrick Gold Corp. split returns from its Tanzanian unit with the government could have ramifications for its negotiations with other countries, including Papua New Guinea and Democratic Republic of Congo.Barrick’s cost of doing business could shoot up with Acacia dealThe Toronto-based miner’s long-term license to operate its mine in Papua New Guinea is due for renewal this year. Nathan DenetteTHE CANADIAN PRESS file photoLa-Z-Boy recliner prices to rise again unless trade war resolvedhttps://www.thestar.com/business/markets/2019/02/20/la-z-boy-recliner-prices-to-rise-again-unless-trade-war-resolved.html
2c3cfcd3-6249-46bd-a856-f9d3307af43aAviel Brown - BloombergWed, 20 Feb 2019 13:54:05 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/20/la-z-boy-recliner-prices-to-rise-again-unless-trade-war-resolved/la_z_boy.png"/><br/>Now may be a good time to buy that power recliner.La-Z-Boy recliner prices to rise again unless trade war resolvedLa-Z-Boy has already passed on costs from last year’s tariffs to the tune of 2 per cent price hikes on regular recliners and 3 per cent on power models.La-Z-Boy Inc.Crypto startup offers insurance against Quadriga wallet dilemmahttps://www.thestar.com/business/markets/2019/02/19/crypto-startup-offers-insurance-against-quadriga-wallet-dilemma.html
448cd230-297c-4cdd-be02-b4c36fd076daOlga Kharif - BloombergTue, 19 Feb 2019 08:41:57 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/19/crypto-startup-offers-insurance-against-quadriga-wallet-dilemma/cryptocurrency.jpg"/><br/>BitGo Inc. said it has obtained a policy of as much as $100 million (U.S.) that covers the offline storage accounts known as cold wallets that are at the centre of the Quadriga debacle.Crypto startup offers insurance against Quadriga wallet dilemmaWhile traditional bank deposits are insured up to a certain amount, crypto deposits often are not.Chris RatcliffeBloomberg file photoCronos vote shifts pot attention to tobaccohttps://www.thestar.com/business/markets/2019/02/19/cronos-vote-shifts-pot-attention-to-tobacco.html
c9912960-9604-4f57-a6a7-918c34067c73Kristine Owram - BloombergTue, 19 Feb 2019 08:38:37 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/19/cronos-vote-shifts-pot-attention-to-tobacco/altria.jpg"/><br/>This industry talks a lot about the synergies between alcohol and cannabis and all the infused beverages they’ll create, but there’s much less chatter about the overlaps between tobacco and pot.Cronos vote shifts pot attention to tobaccoCronos Group Inc. shareholders will vote this week on Altria Group Inc.’s $2.4 billion (Canadian) investment.Steve HelberTHE ASSOCIATED PRESS file photoFerraris, BMWs hold the keys to rally ignitionhttps://www.thestar.com/business/markets/2019/02/19/ferraris-bmws-hold-the-keys-to-rally-ignition.html
c7013da4-aa94-4119-b065-6ee39fce567fBrad Olesen - BloombergTue, 19 Feb 2019 08:31:37 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/19/ferraris-bmws-hold-the-keys-to-rally-ignition/trump.jpg"/><br/>European automakers are broadly lower, with Fiat Chrysler ADRs trading down 1.3% in the pre-market after German Chancellor Merkel fired a preemptive salvo against the prospect of further tariffs.Ferraris, BMWs hold the keys to rally ignitionU.S. President Donald Trump may consider further auto tariffs after a Commerce Department report was issued over the weekend discussing whether or not autos posed a national security threat.NICHOLAS KAMMAFP/GETTY IMAGES file photoTreasuries rise and U.S. stocks edge higher on earningshttps://www.thestar.com/business/markets/2019/02/19/us-futures-europe-stocks-retreat-dollar-rises.html
7ad7b7de-3346-4aee-b396-c109b6f8cf04Randall Jensen - Bloomberg,Reade PickertTue, 19 Feb 2019 07:43:36 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/19/us-futures-europe-stocks-retreat-dollar-rises/dollars.jpg"/><br/>U.S. stocks rose in thin trading as Walmart Inc.’s stellar earnings boosted consumer shares, while Treasuries advanced as investors assessed the prospects for a trade deal with China.Treasuries rise and U.S. stocks edge higher on earningsThe U.S. dollar fell against major currencies ahead of speeches from Federal Reserve officials this week and the release of meeting minutes Wednesday that should shed more light on the central bank’s turn to a more dovish tone. Elise AmendolaThe Associated Press file photoAsian stocks mixed, Treasury yields edge higherhttps://www.thestar.com/business/markets/2019/02/17/asian-stocks-set-to-climb-as-us-china-trade-optimism-grows.html
1d0c2fea-8177-44ca-93fb-16c134a47e05Cormac Mullen - BloombergSun, 17 Feb 2019 17:25:10 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/17/asian-stocks-set-to-climb-as-us-china-trade-optimism-grows/trump_trade.jpg"/><br/>Stocks in Europe advanced after a rally in Asia drove the region’s shares to their highest level since October amid optimism over China’s economic growth and trade talks. Asian stocks mixed, Treasury yields edge higherPresident Donald Trump on Friday said that the U.S. is “a lot closer” to a deal with China and that he might “extend the date” on the tariff increase on Chinese goods.SARAH SILBIGERThe New York TimesCanopy margins shrink as pot producer expands, revenue beatshttps://www.thestar.com/business/markets/2019/02/15/canopy-gains-as-revenue-offsets-drop-in-production-margins.html
6f16ba11-9045-4b8a-afb3-49fee86cc61fKristine Owram - BloombergFri, 15 Feb 2019 10:08:21 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/15/canopy-gains-as-revenue-offsets-drop-in-production-margins/canopy.jpg"/><br/>The pot producer’s stock gained as much as 7.8 per cent Friday, even as production fell and costs climbed 15 per cent over the prior quarter.Canopy margins shrink as pot producer expands, revenue beatsCanopy reported net revenue of $83 million (Canadian), up 282 per cent from a year earlier and ahead of the consensus estimate of $78.7 million.Richard DrewThe Associated Press file photoEast Canada LNG edges toward decision on $7.5B planthttps://www.thestar.com/business/markets/2019/02/14/east-canada-lng-edges-toward-decision-on-75b-plant.html
6de82c3f-8864-4054-9ec7-c1775c40e38bAnna Shiryaevskaya - BloombergThu, 14 Feb 2019 12:03:01 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/14/east-canada-lng-edges-toward-decision-on-75b-plant/lng.jpg"/><br/>Pieridae Energy Ltd. is targeting the milestone known as a final investment decision after having lined up buyers for the fuel, mainly in Europe. East Canada LNG edges toward decision on $7.5B plantA $7.5 billion (U.S.) liquefied natural gas project in East Canada focused on Europe is seeking to get the go-ahead this year.MICHAEL STRAVATOThe New York Times file photoBombardier sees rail project issues solved by the end of 2020https://www.thestar.com/business/markets/2019/02/14/bombardier-sees-rail-project-issues-solved-by-the-end-of-2020.html
7dfba596-6ad7-4546-b276-9db6f0b2ab48Frederic Tomesco - BloombergThu, 14 Feb 2019 11:55:59 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/14/bombardier-sees-rail-project-issues-solved-by-the-end-of-2020/bombardier.jpg"/><br/>The company has made headlines in recent months for a series of delays and quality stumbles on high-profile train projects in those places as well as in Toronto and France.Bombardier sees rail project issues solved by the end of 2020Bombardier Inc. expects to complete at least three of its most delayed rail contracts this year, with deliveries to two more European customers extending into 2020.Graham HughesTHE CANADIAN PRESS file photoCanada Goose says China fears nothing to worry abouthttps://www.thestar.com/business/markets/2019/02/14/canada-goose-ceo-says-nothing-he-can-do-about-china-tensions.html
994a786e-7bbd-4033-8596-5d4819a9731bKim Bhasin - BloombergThu, 14 Feb 2019 11:40:59 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/14/canada-goose-ceo-says-nothing-he-can-do-about-china-tensions/dani_reiss.jpg"/><br/>Diplomatic tensions between Canada and China arose in December, due to the arrest of a Chinese telecom executive in Canada, which prompted some Chinese websites to call for a boycott of Canadian brands.Canada Goose says China fears nothing to worry aboutCanada Goose CEO Dani Reiss says there’s nothing he can do about diplomatic tensions between Canada and China.Keith BeatyToronto Star file photoBMO Capital Markets hires ex-Trudeau minister as vice-chairmanhttps://www.thestar.com/business/markets/2019/02/14/bmo-capital-markets-hires-ex-trudeau-minister-as-vice-chairman.html
505a4550-4f95-48aa-9f67-245a398edc87Greg Quinn - BloombergThu, 14 Feb 2019 11:16:08 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/14/bmo-capital-markets-hires-ex-trudeau-minister-as-vice-chairman/brison.jpg"/><br/>Bank of Montreal has hired Scott Brison, a former Nova Scotia lawmaker who left Justin Trudeau’s cabinet last month after two decades in politics.BMO Capital Markets hires ex-Trudeau minister as vice-chairmanScott Brison was first elected under the Progressive Conservative Party before crossing the floor to the Liberals in 2003.Sean KilpatrickTHE CANADIAN PRESS file photoBombardier jumps as ‘vastly improved’ cash flow buoys turnaroundhttps://www.thestar.com/business/markets/2019/02/14/bombardier-exceeds-cash-flow-estimates-as-outlook-stabilizes.html
1b55f2bf-7486-4245-9549-6a71151ceb64Frederic Tomesco - BloombergThu, 14 Feb 2019 09:51:57 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/14/bombardier-exceeds-cash-flow-estimates-as-outlook-stabilizes/bombardier.jpg"/><br/>Free cash flow rose to $1.04 billion (U.S.) in the last three months of the year, Bombardier said in a statement Thursday.Bombardier jumps as ‘vastly improved’ cash flow buoys turnaroundThe fourth quarter is typically Bombardier’s best for cash-flow generation because that’s when a majority of plane and rail-equipment deliveries occur.Simon DawsonBloomberg file photoCanopy expected to capture biggest chunk of Canadian pot markethttps://www.thestar.com/business/markets/2019/02/14/canopy-expected-to-capture-biggest-chunk-of-canadian-pot-market.html
5726f57e-3e7d-423f-b053-7c1bfebbecbaKristine Owram - BloombergThu, 14 Feb 2019 09:43:57 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/14/canopy-expected-to-capture-biggest-chunk-of-canadian-pot-market/canopy.jpg"/><br/>The company likely captured more than 30 per cent of Canada’s recreational pot market in its fiscal third quarter, according to Canaccord Genuity analyst Matt Bottomley.Canopy expected to capture biggest chunk of Canadian pot marketThe largest cannabis company by market value reports earnings post-market Thursday for the quarter ended Dec. 31, marking the second set of results from a major pot producer that will show nearly a full quarter of legalization.Richard DrewThe Associated Press file photoAlberta’s would-be premier vows to drop gloves in fights over oilhttps://www.thestar.com/business/markets/2019/02/11/albertas-would-be-leader-vows-to-drop-gloves-in-fights-over-oil.html
48f0d897-fe43-420d-887f-1b3486998410Kevin Orl - Bloomberg,and Josh WingroveMon, 11 Feb 2019 09:22:46 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/11/albertas-would-be-leader-vows-to-drop-gloves-in-fights-over-oil/jason_kenney.jpg"/><br/>In Jason Kenney, Canada’s oilpatch may soon get a more combative advocate in the Alberta premier’s office.Alberta’s would-be premier vows to drop gloves in fights over oilAlberta voters are poised to elect Jason Kenney, one of the country’s foremost conservative figures, as the new premier. Darren CalabreseTHE CANADIAN PRESS file photoSoftware engineer loses life savings to Quadriga after company CEO dieshttps://www.thestar.com/business/markets/2019/02/09/software-engineer-loses-life-savings-in-quadriga-imbroglio-after-company-founder-dies.html
1c063a50-d014-4dc2-85a2-9c7550ae896fDoug Alexander - BloombergSat, 9 Feb 2019 11:24:00 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/09/software-engineer-loses-life-savings-in-quadriga-imbroglio-after-company-founder-dies/gerald_cotten.jpg"/><br/>Tong Zou is one of Quadriga’s 115,000 clients who are out of luck after firm’s CEO Gerald Cotten dies taking $190 million in cryptocurrency passwords to the graveSoftware engineer loses life savings to Quadriga after company CEO diesGerald Cotten, the Canadian behind cryptocurrency exchange Quadriga CX, filed a will 12 days before his death listing substantial assets, according to court documents. FacebookSoftware engineer loses life savings to Quadriga after company CEO diesTong Zou considers himself “one of the largest affected individual users” of the Quadriga crisis — according to an affidavit he filed this week as part of the court proceedings. Tong Zou via BloombergThe stock market finally acknowledges realityhttps://www.thestar.com/business/markets/2019/02/07/the-stock-market-finally-acknowledges-reality.html
079f8d7c-6816-4ed4-8a90-a1c7f43f8e8dRobert Burgess - Bloomberg OpinionThu, 7 Feb 2019 20:01:23 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/07/the-stock-market-finally-acknowledges-reality/stock_market.jpg"/><br/>After surging 8.65 per cent since the start of the year, stocks tumbled as much as 1.37 per cent as investors could no longer make excuses for the deteriorating economic outlook.The stock market finally acknowledges realityThis year’s remarkable surge in global equities sparked optimism that the recovery from the fourth quarter’s steep 13 per cent sell-off would be V-shaped.Richard DrewThe Associated Press file photoPenny stocks foray into cannabis fails to catch investor feverhttps://www.thestar.com/business/markets/2019/02/07/penny-stocks-foray-into-cannabis-fails-to-catch-investor-fever.html
39fb05ec-4766-4344-9a65-f0ed1851c905Shelly Hagan - BloombergThu, 7 Feb 2019 09:54:08 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/07/penny-stocks-foray-into-cannabis-fails-to-catch-investor-fever/penny_stocks_cannabis.jpg"/><br/>Eleven Canadian penny stocks hoped a name change that included the word “cannabis” would propel them into the next investor frenzy but investors don’t appear thrilled by the switch.Penny stocks foray into cannabis fails to catch investor feverTen out of 11 penny stocks dropped an average of 30.2 per cent through Feb. 6 after they changed their names to include the term “cannabis” in them.Tijana MartinTHE CANADIAN PRESSGreat-West Lifeco reports $710M Q4 profit, raises dividendhttps://www.thestar.com/business/markets/2019/02/07/great-west-lifeco-reports-710m-q4-profit-raises-dividend.html
7da025ce-4e28-4cf0-871f-a66022fe7ff7Armina Ligaya - The Canadian PressThu, 7 Feb 2019 09:08:35 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/07/great-west-lifeco-reports-710m-q4-profit-raises-dividend/great_west.jpg"/><br/>The increased payment to shareholders came as Great-West says its profit amounted to 72 cents per share for the quarter ended Dec. 31.Great-West Lifeco reports $710M Q4 profit, raises dividendGreat-West Lifeco Inc. raised its dividend as it reported a fourth-quarter profit of $710 million. John WoodsTHE CANADIAN PRESSTwitter posts bigger 4Q profit, monthly user base slipshttps://www.thestar.com/business/markets/2019/02/07/twitter-posts-bigger-4q-profit-monthly-user-base-slips.html
3fc83aa9-2465-4a46-a496-0e6d7f3fa5d4Barbara Otutay - The Associated PressThu, 7 Feb 2019 08:56:07 EST<img src="https://www.thestar.com/content/dam/thestar/business/markets/2019/02/07/twitter-posts-bigger-4q-profit-monthly-user-base-slips/twitter.jpg"/><br/>The company posted earnings of $255 million (U.S.), or 33 cents per share, in the October-December quarter. That is up from $91 million, or 12 cents per share, a year earlier.Twitter posts bigger 4Q profit, monthly user base slipsTwitter’s monthly user base fell to 321 million, from 326 million. Twitter attributed the decline to sending fewer email notifications, moving away from its SMS service with phone carriers and working to cut down malicious accounts.EMMANUEL DUNANDAFP/GETTY IMAGES